M3 Acquires Majority Stake in ELAN Corporation

M3 (JP:2413) has released an update.

M3, Inc. has successfully acquired a majority stake in ELAN Corporation through a tender offer, making ELAN a consolidated subsidiary. The tender, which ran from September 20 to October 21, 2024, saw M3 purchasing shares at 1,040 yen each and achieving 55% ownership. This strategic move is expected to enhance M3’s market position and business synergies.

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